Ernest Lim's investing blog

Unique insights into SGX small caps

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3 potential En-bloc hotspots that should be on property investors’ radar (28 May 2021)

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This write-up was reproduced in entirety with permission from Ray’s Estate Clinic, written by Founder, Raymond Chng. Please refer to the end of the article for more information on Raymond. In the previous 2017 En-bloc cycle, some resale properties in En-bloc hotspots saw price gains of up to 28%. (We wrote articles about these moves in a previous article, you can read about it HERE) Image 1: Enbloc Cycle Timeline, Source: JLL Given that En-bloc cycles tend to be 5 to 6 years apart, and the start of the last En-bloc cycle was in 2017, the next En-bloc cycle could […]

Markets are “bubblish”, or aren’t they? (5 Apr 2021)

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Dear all Markets have been on a tear for the past five months. Since my write-up published on 1 Nov 2020, citing opportunities in our Singapore market (click HERE for the write-up), STI has soared 786 points, or 32.4% from 2,424 on 30 Oct 2020 to close 3,210 on 5 Apr 2021 (intra-day high today was 3,212). At the time of writing this, S&P500 futures are trading at 4,040, translating to around 24% gain over the same period. In fact, STI is the 2nd best performing market for 1Q2021 amongst 18 global benchmarks. Are markets in the midst of a […]

Thai Bev may be ripe for a bounce; BeerCo IPO potential near term catalyst (29 Mar 21)

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Thai Bev has slumped 14% from an intraday high of $0.850 on 8 Feb to close $0.735 on 29 Mar 21. It is looking interesting again as it hovers around its strong confluence of supports from $0.715 – 0.725. Personally, it seems ripe for a technical bounce. Besides the technical outlook, Thai Bev has the highest potential upside among the STI component stocks with a potential capital upside of around 21%! What else is interesting about Thai Bev? Read on for more.   Interesting points on Thai Bev a) Highest potential capital upside for STI component stock With reference to […]

Tianneng Power trades at only 1/3 the value of its listed subsidiary Tianneng Battery! (8 Mar 2021)

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Dear all Tianneng Power (00819.HK) (“TP”) caught my attention recently. It has slumped 40.5% from an intraday high of HKD22.55 on 13 Jan 2021 to close HKD13.42 on 8 Mar 2021. At HKD13.42, it trades at only 1/3 the value of its listed subsidiary Tianneng Battery! Besides this sharp plunge and significant valuation gap, what else does TP have to catch my attention? Read on for more.   First up, a description of TP Quoting from its 1HFY20 results, TP was founded in 1986 and was listed Main Board of The Stock Exchange of Hong Kong Limited as the “First China […]

7 reasons why Private Resale Condos may be better than new launch for HDB upgraders (6 Mar 21)

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This write-up was reproduced with permission from Ray’s Estate Clinic, written by Founder, Raymond Chng. Please refer to the end of the article for more information on Raymond. Since 2018, we have been sharing with our clients and readers that resale properties are good options. Today, as of the date of writing, there are still a handful of readers asking us if resale properties can be profitable. The simple answer is – Yes! There are considerations that property buyers should note about New Launch properties, in particular for HDB upgraders. Most HDB upgraders who are selling off their BTOs would […]

How to plan your property transition (sale and purchase) 23 December 2020

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This write-up was reproduced with permission from Ray’s Estate Clinic, written by Founder, Raymond Chng. Please refer to the end of the article for more information on Raymond. Don’t sell your home before you know what you intend to buy. The worst thing you can do is to sell your property and become stranded because you don’t know what to buy, and even after finding for some time, you still don’t have any target property to wait for units at.   A) You won’t want to experience what this blog follower did… A blog follower who contacted me earlier this […]

The Skyscraper for Keppel+ Visionaries (22 May 20)

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This write-up was reproduced with permission from Ray’s Estate Clinic, written by Founder, Raymond Chng. Please refer to the end of the article for more information on Raymond. There is rarely a time where we think a new condominium is almost a perfect 10, we think we finally found the one. This is one for both visionary homeowners and investors who would like to participate in two of Singapore’s most ambitious masterplan which we will elaborate further in the article. Sustainable desirability is an important trait that has to be built from the beginning and we believe that the condo […]

Navigating Depressions and Great Recessions (Real Estate Edition, 8 May 20)

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This write-up was reproduced with permission from Ray’s Estate Clinic, written by Founder, Raymond Chng. Please refer to the end of the article for more information on Raymond. We are currently in unprecedented times (as of writing in April 2020). Covid-19 is upon us as a global pandemic which will go down in history books as the gravest health crisis mankind ever faced in this century. Over the past few weeks, I had the fortune to converse and interview numerous Seniors (our Merdeka & Pioneer Generation) whom I knew for some time already. The wiser generation I interviewed range from […]

Why Property Investors should look at the Private Resale Condo Segment (11 April 2020)

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This write-up was reproduced with permission from Ray’s Estate Clinic, written by Founder, Raymond Chng. Please refer to the end of the article for more information on Raymond. With the record number of new launch properties on the market in 2019 and 2020, all eyes have been on the new launch segment of the property market. Some new property buyers believe that they should buy new properties because they would be buying at the lowest price in the development, and therefore are more likely to make profits when the property obtains TOP. These same property buyers are afraid of buying […]

10 things you must know when upgrading from HDB to private (1st October 2019)

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This write-up was reproduced with permission from Ray’s Estate Clinic, written by Founder, Raymond Chng. Please refer to the end of the article for more information on Raymond. The decision to upgrade from a HDB to a private property whether a condominium or landed property is a big decision to many, over the past few years, I have had many clients ask me for my opinions and particularly if they should upgrade. Many HDB owners upgrade because they are fearful of their HDB price being stagnant. The worst thing that can happen is a HDB owner to upgrade into a […]